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    Bitcoin Just TRIGGERED a New Powerful Signal Not Seen for 3 Years



    Bitcoin just triggered a new powerful signal not seen for 3 years. Bitcoin going up by just over 25% in January 2023 has managed to trigger a technical signal on the 2-week timeframe. This is the MACD on the 2-week of chart of bitcoin. Histotically, when a MACD positive crossover signal occurs on bitcoin, this has been a bullish sign for the crypto. It has led to multi-week and multi-month rallies – for example when this signal occurred in the years 2012, 2015 and 2020. So what this could mean for bitcoin now? Is BTC about to stage a further rally in 2023? We look at the charts. #bitcoin #btc #alessiorastani

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    20 Comments

    3. ray jansen on

      How about excluding weekend data? As the biggest part of this pump is weekend related……. I just have a hard time trusting what is see atm.

    12. Akira on

      Thanks for the explenation Alessio,
      but what about Jerome and the fed they dont like market to rallies right?
      If market rallies than inflation comes back sooner and than the FED have failed.
      So 1st Feb what will they do on FOMC?
      More hiking rates for next 6 months?
      Maybe higher than people expect so that market slows down again and than in may/jun FED pivot?
      So summer rally which will come down oct/nov?
      Please let me know your thoughts

    14. Tosh Varga on

      Great video Alessio, I think you're 100% correct…I believe we're building a basing pattern between 16K and 21K worst case…as you mentioned and once we get above 21K we're off to the races but we need the SPY to move with it upwards as well

    16. Andro Stankovic on

      I agree, 16k bottom, 21.5k breakout and retest also very important is s&p to break 4100, retest and go up.
      I really can't see crypto going up without s&p….
      All in all, great video as always

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